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Semirara FY23 net income down 30% to P27.9-B
Semirara Mining and Power posted an FY23 net income of P27.9 billion and a Q4 net income of P5.3 billion......»»
Solon bats for expansion of motorcycle taxis outside Metro Manila
A House lawmaker has voiced his support for expanding the government's allotment of motorcycle taxis outside Metro Manila as the Land Transportation Franchising Regulatory Board is set to greenlight the participation of more players in its pilot study......»»
Solon wants to pause PhilHealth contributions for minimum wage earners
A lawmaker is seeking a temporary suspension of the PhilHealth premium contributions for minimum wage earners to utilize the unspent funds of the state insurer to subsidize the premiums of low-income individuals......»»
Solon pushes creation of Dept of Water Resource Management
CEBU CITY, Philippines — A lawmaker is pushing for the establishment of a national framework for water resource management that is spelled out in the proposed Department of Water Resources Management (DWRM) as a long-term solution to water shortage in the country. Agri Partylist Representative Wilber Lee said that the DWRM will bring together 32.....»»
DFA ordered to cancel expelled solon Arnie Teves’ passport
In a resolution dated February 8, Manila Regional Trial Court Branch 51 ordered the Department of Foreign Affairs to cancel Teves’ passport, citing the former lawmaker’s “designation” by the Anti-Terrorism Council, which served as grounds for the revocation of his documents......»»
ACT solon moves to probe efforts to jumpstart Cha-cha
MANILA, Philippines — A resolution seeking to investigate the reported signature-buying and the alleged use of public funds to push for constitutional reform or Charter change (Cha-cha) through the “so-called” people’s initiative (PI), has been filed in the House of Representatives. Alliance of Concerned Teachers Rep. France Castro said on Sunday that she electronically filed.....»»
In Tim Cone’s list, Johnny A still reigns supreme: ‘Unequivocally’
Tim Cone spent a lot of time chatting with members of the Inquirer sports staff earlier this week, talking of how “adventurous” his flight to the Philippines was as a 9-year-old back in 1966. He talked about how he and Alaska owner Fred Uytengsu got together and created a PBA dynasty. He talked about Gilas.....»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
SC grants protection writ for ex-Bayan Muna solon, declares ‘red-tagging’ threatens life, liberty, security
In a 39-page decision dated July 4, 2023, the high court declared that associating red-tagging and guilt by association jeopardizes a person’s fundamental rights to life, liberty, or security, setting aside the ruling of the Iloilo Regional Trial Court (RTC) in dismissing the former lawmaker’s amparo petition. .....»»
Groups hail SC decision granting amparo petition for ex-Bayan Muna solon
In the decision released on Tuesday, the Supreme Court said that red-tagging and guilt by association threatens an individual’s right to life, liberty and security......»»
Expelled solon Teves eyes political asylum; detention extended
The legal team of expelled lawmaker Arnolfo Teves Jr. is looking to exhaust all legal remedies possible, including political asylum in Timor-Leste, Teves' lawyer Ferdinand Topacio said......»»
We’re working on it : DOJ says on expelled solon Teves’ extradition
The Department of Justice said it is working on extraditing expelled lawmaker Arnolfo Teves Jr. after a Manila court ordered the cancellation of his passport......»»
Progressive groups, solon decry UST admin s photo takedown order
In a statement by TomasinoWeb, it said that the university administration instructed the organization to take down the photo as it allegedly caused “public ridicule” to students and the university due to a supposed “association of the Type B uniform with convenience store employee’s uniform.”.....»»
Euromoney recognizes Metrobank as Best Bank for Ultra High-Net-Worth Filipinos
Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it receives the Best Bank for Ultra High-Net-Worth (UHNW) award at the Euromoney Global Private Banking Awards 2024......»»
Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
SSS net income soars to all-time high of P83B in 2023
MANILA, Philippines —The Social Security System (SSS) posted a net income of P83.13 billion in 2023, exceeding by 62.8 percent its target of P51.06 billion for the year and the highest attained so far by the state pension fund. Based on its unaudited financial statement, the SSS said the 2023 bottom line market a big jump.....»»
Dismissal of graft charges vs Blaan chieftain lauded
Blaan and T’boli tribe members in South Cotabato province were elated after the Ombudsman dismissed the corruption charges against a renowned tribal leader. He was earlier accused of mishandling of government funds, for them a landmark dispensation of justice benefiting their communities......»»
Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»
Philippines suspends over 130 officials over rice sale scandal
MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»